Living in Hope, New Mexico
Cost of living, income, home prices, rent and demographics of Hope · Census data 2020–2024
Hope has 49 residents with a median age of 52.9. The median household income is $111,250 (74% higher than the New Mexico median), the median home value is $113,600.
Hope is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hope at a glance
- Population
- 49
- Median age
- 52.9State: 39.4
- Median household income
- $111,250State: $64,059
- Median home value
- $113,600State: $248,100
- Homeowners
- 100%
- Bachelor's degree or higher
- 25%
- Average commute
- 40 min
Is Hope a good place to live?
Pros: Median household income 74% higher than the New Mexico median; home values 54% lower than the state median.
Cons: An average commute of 40 minutes.
The weather is best in March to May and October.
Cost of living in Hope
Housing is the biggest part of the cost of living. In Hope the median home value is $113,600, 66% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,111 a month in housing costs.
Hope median household income
The median household income in Hope is $111,250 and the income per person is $72,151. 0% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Hope: homes for sale and rent
- Housing units
- 36
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 22.2%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 1.75
Hope demographics
- Population
- 49
- Median age
- 52.9
- Under 18
- 0%
- 65 and older
- 10.2%
- Households
- 28
- Foreign-born
- 10.2%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Hope ›
Education in Hope
25% of adults 25 and older in Hope have a bachelor's degree or higher (New Mexico: 31%), and 22.7% have a graduate or professional degree.
Jobs and commute in Hope
- Unemployment rate
- 0%State: 6%
- Average commute
- 40 minState: 24 min
- Work from home
- 5.3%
- Drive alone
- 94.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hope | 49 | $111,250 | $113,600 | — |
| Artesia | 12,576 | $74,915 | $229,400 | $1,288 |
| Atoka | 1,347 | $83,704 | $116,200 | $1,157 |
| Lake Arthur | 478 | $76,429 | $116,100 | — |
| Hagerman | 849 | $64,674 | $109,600 | $734 |
| Dexter | 1,128 | $43,846 | $97,500 | $673 |
| Midway | 541 | $44,258 | $178,400 | — |
| Happy Valley | 845 | $62,215 | $200,000 | $1,115 |
| La Huerta | 1,288 | $78,861 | $345,100 | — |
More for people moving to Hope
Hope ZIP code ›Weather and climate ›Living in Hope: FAQ
What is the median household income in Hope, NM?
The median household income in Hope is $111,250, 74% higher than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hope?
The median home value in Hope is $113,600, compared with $248,100 in New Mexico.
Is Hope, NM a good place to live?
Pluses: median household income 74% higher than the New Mexico median; home values 54% lower than the state median. Minuses: an average commute of 40 minutes.
What is the median age in Hope?
The median age in Hope is 52.9 years (New Mexico: 39.4).
How long is the commute in Hope?
The average commute to work in Hope is 40 minutes; 5.3% of workers work from home.
What is the unemployment rate in Hope?
The unemployment rate in Hope is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hope?
25% of adults in Hope have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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